http://www.newsweek.com/china-ban-crypto-bitcoin-crash-cryptocurrencies-crypto-crackdown-explained-1592747

The price of Bitcoin has fallen to its lowest point in months after China issued a new wave of restrictions clamping down on its use on Tuesday. The move, which also affects all other cryptocurrencies, means financial institutions and payment companies are unable to provide cryptocurrency services, such as transactions, in China.

Other affected services include registration, trading, and settlements, according to Chinese industry bodies the National Internet Finance Association of China, the China Banking Association, and the Payment and Clearing Association of China.